Vocabulary

1. What do the following abbreviations stand for?

   1. M&A =

   2. R&D =

   3. PMI =

2. Find English equivalents to the following Russian expressions:

   1. на основе конкретных случаев =

   2. эффект положительного воздействия =

   3. при определенных условиях =

   4. основной довод =

   5. (исследование) показывает =

   6. предпосылка производительности =

   7. привести к противоречивым результатам =

   8. убедительное, веское доказательство =

1. Paraphrase the underlined expressions using synonymous clichés

1. on the whole =

2. advantages and disadvantages =

3. applicable to our research =

4. related to =

5. рассматривая первый аспект =

6. directly attends to =

7. analysed at length =

1. Paraphrase the following ideas paying particular attention to the underlined expressions

1. Previous research on mergers and acquisitions has neglected the issue of speed of postmerger integration by and large.

2. In this section we first review the literature dealing with speed of integration and then provide an overview of the literature on relatedness.

3. Additionally, the issue under which circumstances speed may be more or less beneficial for M&A success is not addressed in these studies.

4. Bragado (1992) provides an extensive discussion of the ‘correct speed for PMI.’

5. Based on their findings these authors call for more research related to the role of time in mergers and acquisitions.

6. Research related to the first category (external relatedness) has focused on relatedness of the involved firms

7. In summary, we find that a significant body of research has addressed the concept of (external or internal) relatedness in M&A.

8. With respect to the findings of previous research, it is worth noting that low internal relatedness is frequently reported to have detrimental effects on M&A performance.

5. In writing translate the underlined patterns into Russian

Speaking

Identify the following issues touched upon in the text:

1. Focus of attention 1:

1. Key propositions:

2. Critical evaluation:

2. Focus of attention 2:

1. Two facets:

2. Previous research controversy:

3. The present research perspective compared to previous studies.

Writing

Write a 120-word summary of the text, stating the topic and the problem.